Common use of Sufficiency of Transferred Assets Clause in Contracts

Sufficiency of Transferred Assets. Subject to Section 3.03, as of the Effective Time, no RhinoRx Assets will be owned or held by Rhino or any of its Subsidiaries (other than the RhinoRx Entities). As of the Effective Time, assuming the consummation of the transactions contemplated by Article 2 and Article 3 and the availability of any assets and services contemplated to be made available to Newco and its Subsidiaries (including the RhinoRx Entities) pursuant to the terms of the Transaction Agreements, the RhinoRx Assets will be sufficient to conduct the Rhino Institutional Pharmacy Business as currently conducted.

Appears in 4 contracts

Samples: Master Transaction Agreement (Kindred Healthcare, Inc), Master Transaction Agreement (Safari Holding Corp), Master Transaction Agreement (Safari Holding Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.